Is Spring Grove, MN 55974 a buyer’s or seller’s market?
Spring Grove is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Spring Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Spring Grove, MN 55974 sold above their list price, the typical home went under contract in 12 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (10 days then) and the median sale price rose 60% to $254,390. Overall, Spring Grove is about as competitive as it was a year ago.
Within Houston County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Hokah 55941 (50% sold over asking) and La Crescent 55947 (39% sold over asking) are even more competitive.
Run the numbers for 55974
Nearby markets
Brownsville 55919Seller’s market $260 /sq ftCaledonia 55921Seller’s market $132 /sq ftEitzen 55931 $73 /sq ftHokah 55941Balanced $253 /sq ft Browse all markets →Towns like Spring Grove nearby
Find towns like Spring Grove in other states →Where Spring Grove is
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Questions about Spring Grove real estate
Is Spring Grove a buyer’s or seller’s market?
A balanced market: there were 4.8 months of supply in Spring Grove, MN 55974 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Spring Grove?
The typical home went under contract in 12 days in the latest three months.
Do homes in Spring Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.
What are property taxes in Spring Grove?
About 1.15% of a home’s value a year in Houston County, or roughly $4,600 on a $400,000 home.
What is the median home price in Spring Grove?
The median sale price was $254,390 in the three months ending August 31, 2026, about $104 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology